Business

Oct
08
2023
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By Abia ThinkTank
11 Operational Newly Licensed Independent Electricity Distribution Network Operators(See List)

11 Operational Newly Licensed Independent Electricity Distribution Network Operators(See List)

Abuja, Business, Power & Energy
11 Newly Licensed Independent Electricity Distribution Network Operators (See Full List) The Federal Government earlier this week announced that it had issued licences to 17 Independent Electricity Distribution Network operators, among which 11 are currently operational. The report was disclosed by the FG in the 2022 Market Competition Report released on Tuesday by the Nigeria Electricity Regulatory Commission, an agency of the Federal Government. The report, made available to The PUNCH, reads in part, “The commission has also licensed 17 Independent Electricity Distribution Network operators of which 11 are operational.” The 11 operators include: Gateway Electricity Limited Energy Company of…
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Oct
02
2023
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By Abia ThinkTank
AIIP Project: Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener

AIIP Project: Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener

Abia State, Business, Good Governance
AIIP Project: Gov. Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener The leadership of United Abia Artistes and Patriots (UAAP), has described the Abia Industrial Innovation Park (AIIP) project at Owaza in Ukwa west LGA which was flagged off on Saturday 30th September 2023 by Governor Alex Chioma Otti OFR as a revolutionary project that will reposition the economy of Abia State. While speaking at the sideline of the project launch, the Convener of UAAP Amb. Dr. Osita Offor ‘Ultimate Commander’, posited that UAAP is extremely happy that Governor Alex Otti is doing…
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Oct
02
2023
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By Abia ThinkTank
BUA Cement To Sell At N3,500 Per Bag In All Outlets Effective 2nd October, 2023

BUA Cement To Sell At N3,500 Per Bag In All Outlets Effective 2nd October, 2023

Business, Economy
BUA Cement Plc, the second-largest cement producer in the Nigerian market, has announced the reduction of the price of cement to N3,500. The company, in a Press release on Sunday, October 1, said the new price will become effective on Monday, October 2. President Tinubu is excited about BUA Cement's reduction of the price of cement to N3,500 per bag. The current price of cement before the announcement is about N5,000 per bag. BUA Cement, owned by billionaire businessman Abdul Samad Rabiu, has a total combined installed capacity of 11 million mtpa. Meanwhile, Dada Olusegun, the Special Assistant to President…
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Sep
13
2023
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By Abia ThinkTank
Air Peace Begins Direct Flights To Saudi Arabia

Air Peace Begins Direct Flights To Saudi Arabia

Business, Transportation
Air Peace Begins Direct Flights To Saudi Arabia West and Central Africa’s largest carrier, Air Peace, has concluded plans to commence direct flights from Nigeria to Jeddah, Saudi Arabia. The inaugural flight is slated to take place in October 2023. The airline made this disclosure during an engagement session with travel agents in Kano yesterday. Lagos and Kano to Jeddah will operate three days every week with a possible connection from Abuja. However, while commenting on the development, Air Peace’s Ground Operations Manager, Ayodeji Adeyemi, stated that the connectivity would be direct using the luxury Boeing 777. He commended the…
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Sep
08
2023
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By Abia ThinkTank
“This Is The Best Time To Invest In Nigeria”: Tony Elumelu Tells Indian Investors

“This Is The Best Time To Invest In Nigeria”: Tony Elumelu Tells Indian Investors

Business, FGN
Tony Elumelu Tells Indian Investors: “This is the Best Time to Invest in Nigeria” Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by H.E. President Bola Ahmed Tinubu. Heirs Holdings Group Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to seize the opportunity to invest in Nigeria, during the Nigeria-India Presidential Roundtable and Conference on Wednesday, September 6th, 2023, in New Delhi, India, jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council…
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Aug
17
2023
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By Abia ThinkTank
Abia Plans MOU With Nasarawa-Based Firm, As Gov Otti Visits CSS Farms

Abia Plans MOU With Nasarawa-Based Firm, As Gov Otti Visits CSS Farms

Abia State, Business
ABIA PLANS MoU WITH NASARAWA-BASED FIRM, AS GOV OTTI VISITS CSS FARMS The Abia State Government is set to enter into a memorandum of understanding (MoU) with CSS Integrated Farms, an arrangement that would see the Nasarawa State-based farm train Abia farmers. Abia State Governor, Dr. Alex Otti, OFR, made this known on Wednesday while on a working visit to CSS Farms, owned by a former Executive Secretary of the Nigerian Christian Pilgrims Welfare Board, Prof John Kennedy Opara. The Governor, encouraged by the large-scale mechanised farming going on at CSS, told his host that he would immediately direct the…
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